Press release 28 January 2021
Netum is one of the leading suppliers of IT solutions to state administration in Finland. The company has over 20 years of experience of IT projects for large corporations and public administration. The company offers its customers the ”Legacy to Digi” concept that enables combining traditional IT solutions to the latest digital applications. Netum’s goal is to be the most trusted partner and the most attractive employer in the industry. To speed up the implementation of its growth strategy, Netum is planning to list its shares on the First North Growth Market list of Nasdaq Helsinki.
”Netum has for the past five years grown profitably, and we have a strong track record of both organic growth and successful acquisitions. Now we are entering a new growth phase that the planned listing would support in multiple ways,” comments Olavi Köngäs, Netum’s Chairman of the Board.
Netum’s services include customised application development, integration services, continuity services, IT security solutions and IT management consulting services. Among its clients, Netum can list Digital and Population Data Services Agency, The Finnish Defence Forces, Ministry of Economic Affairs and Employment, Finnish National Agency for Education, The development and administration centre for the ELY Centres, UPM, SOK, Gasum and Posti, among others.
”We are proud of our long-term customer relationships and of our ability to offer our clients digitalisation expertise with high value add in a reliable and sustainable way. The planned listing would further improve our customer service capabilities through investments in broadening our offering and our growth areas. The implementation of our growth strategy and the planned listing would also strengthen us as an employer,” says Matti Mujunen, CEO of Netum.
Netum Group’s strong growth continued in 2020. Revenue grew 31 per cent year on year, amounting to EUR 17,5 million, and EBITA was EUR 3 million.
Jarmo Puputti, M.Sc., MBA, Repe Harmanen, M.Sc. (Econ.) and Sari Helander, M.Sc. are proposed to be nominated as new members of Netum’s Board of Directors.
The planned listing of the company’s shares is estimated to take place during 2021.
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Netum in brief
Netum Ltd, founded in 2000, is a strongly growing IT services house whose goal is to be the most trusted partner and the most attractive employer in the industry. The company offers its public administration and corporate customers its ”Legacy to Digi” concept that enables combining traditional IT solutions to the latest digital applications. In 2020, Netum Group’s revenue grew to EUR 17.5 million, 31 per cent year on year. EBITA amounted to EUR 3 million. During 2020, the company employed an average of 128 people. Netum currently has 145 employees in Helsinki, Tampere, Turku and Pori.